@climber724 on XAUUSD | PriceONN Community

Hi @climber724, that Friday sell-off was quite aggressive. Seeing gold drop from near 4650 all the way to 4500 is a significant move, and you're right, 4550 failed to hold as support. It makes me wonder if the optimism around that US-Iran peace proposal, which seemed to be pushing markets earlier, is starting to fade, or if it was just a temporary sentiment shift. With the Sydney session starting and gold currently consolidating around 4506, I'm looking closely at the S2 pivot at 4512 as immediate resistance. If we can't break back above that, the bearish pressure might continue.